.png){kind=logo}
Capital B bought 13 more Bitcoin after raising EUR 0.98 million through a share sale to asset manager TOBAM. The French company said on September 28 that its Bitcoin treasury now holds 3,538 BTC, up from 3,525 BTC in its previous update.
The earlier holding was valued at about USD 299 million in reports. This figure is not a current valuation of the larger reserve.
According to its September 28 announcement, Capital B issued 172,978 new shares at an average price of EUR 5.68 each. TOBAM funds bought the shares between September 14 and September 22. The company raised EUR 982,872.69 and spent about EUR 0.97 million of the proceeds on 13 BTC. It said the average share issue price was 3.8% above the closing price on the trading day before the announcement.
The new shares increase the number held by investors, so existing shareholders own a smaller percentage of the company. Capital B measures its buying program against Bitcoin held per share after accounting for potential new shares.
Its September 28 figures put that measure at 7,368.5 satoshis per fully diluted share, compared with 7,368.0 on September 14. A Satoshi is one hundred-millionth of a Bitcoin.
In a BTC Prague interview shared by Wu Blockchain, CEO Alexandre Laizet said Capital B intends to buy Bitcoin ‘as much as possible, as fast as possible’ while seeking terms that increase its holdings per share. He described the company’s plan as one of long-term holdings. The remarks explain why Capital B raises money for purchases instead of relying only on cash already on its balance sheet.
Laizet also pointed to public stock and debt markets as sources of funding. In his account, many large investors hold securities but cannot buy Bitcoin directly under their current rules. A listed company can raise money from those markets and then purchase BTC. His comments described Capital B’s intended approach; the latest completed transaction was a share issue, not a new debt sale.
Capital B and its Luxembourg subsidiary reported an acquisition cost of EUR 310.6 million for their 3,538 BTC treasury reserve. That works out to an average purchase cost of EUR 87,805 per BTC.
The company’s September 28 table separately put the reserve’s net asset value at about EUR 259.9 million, using the Bitcoin price at the prior trading day’s close. Acquisition cost and current value measure different things and should not be used interchangeably.
The company reported a 2.20% BTC Yield for 2026 to date, up from 2.19% in its September 14 update. Capital B defines the figure as the change in Bitcoin held per fully diluted share. It is not interest income or a return earned by shareholders.
Capital B also disclosed 61 BTC held for operational needs, separate from the 3,538 BTC treasury reserve. Swissquote Bank Europe executed the latest purchase and serves as the company’s sole BTC custodian.
Also Read: Crypto Prices Today: Bitcoin Falls to USD 83,000 as ETF Inflows Cushion Bond Market Stress
